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Can you open multiple Post Office MIS accounts? Here’s what investors must know
Mint 1 hr ago·18 Sept 2026, 3:02 am
The Post Office Monthly Income Scheme (MIS) is a popular, government-backed investment for steady returns. While the standard rule is that an individual can hold only one MIS account, the government has clarified that you can actually open multiple accounts. However, there is a strict cap on the total amount you can invest across all these accounts. For a single investor, the maximum limit is ₹9 lakh, while for a joint account, the cap is ₹15 lakh. This means you can diversify your capital across different accounts, but you cannot exceed the government's specified investment ceiling.
This rule change is significant for investors looking to park large sums of money in a risk-free instrument. It allows for better portfolio management and flexibility, as you can split your investment into smaller chunks across different MIS accounts. It is crucial to remember that while you can open multiple accounts, the total investment across all of them must adhere to the prescribed limits. This ensures that the scheme remains a safe haven for small to medium-sized savings rather than a tool for massive capital allocation.
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